Ashbourne Ltd offers a 12month warranty on kitchen appliances sold. On 1 July 2017 there was a credit balance of $90,000 in it Provisions forWarranties account. During the year ended 30 June 2018 Ashbou rne Ltd incurred $88,000 in warranty costs of which $50,000 was from inventory and the remainder for labour costs. At the 30 June 2018 Ashbourne Ltd estimated its warranty expenditure for the following year would be $75,000 Note: Narrations are not required for the following entries: Required {a} Prepare the General Journal entries to record the above. (3 marks) {b} Post the above entries to the Provision for Warranties General Ledger [2 marks]I